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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Tommy Dorsey who wrote (5453)	1/26/2000 9:50:00 AM
From: r.edwards	Read Replies (1) \| Respond to of 9427

What if we just bottom in the 125 ish range,,,,,,,,still an option buy....?

To: Tommy Dorsey who wrote (5453)	1/26/2000 10:34:00 AM
From: OX	Read Replies (1) \| Respond to of 9427

Tom, I appreciate your posts. >>>For trading considerations we shorten the time frame can you specify this shortened timeframe please? ps. I really like your quote on CNBC last... "light a candle"... everytime I think of it I breakout laughing.

To: Tommy Dorsey who wrote (5453)	1/26/2000 12:09:00 PM
From: Ms. X	Respond to of 9427

Hi Tommy, Thanks for the info on Qcom. The trading bands and their calculation are a common question here on this thread. I think this a good subject for the University, some examples, as to how it works. I'm printing off the Qcom post for reference. I was thinking that if you could expand on the trading bands here on this thread I can take that post and put it in the archive PnF thread for people to reference later. :-)

To: Tommy Dorsey who wrote (5453)	1/26/2000 12:22:00 PM
From: Al Serrao	Read Replies (2) \| Respond to of 9427

Tom, if we do get a reversal in the bonds which would be a better bet, the zeros or the financials? Or, do you see better potential elsewhere? Thanks.

To: Tommy Dorsey who wrote (5453)	1/26/2000 1:28:00 PM
From: kaz	Read Replies (2) \| Respond to of 9427

Hi Tom, Is there any chance of including that bell curve for the cheap seats? It sounds similar to Market Profile which, as I know you know, was developed for commodities floor traders. Wish we had something like that for trading all periods of stocks. I think it could really add to P&F for those who trade on a rather short term basis. Imagine a double bottom where the Profile shows a tail down from the body. This could indicate a greater possibility for a rebound. For longer termers, it could help with entry points. Strict Piffers could just ignore it, of course. Just a thought. Paul

To: Tommy Dorsey who wrote (5453)	1/27/2000 8:59:00 AM
From: WaveSeeker	Read Replies (1) \| Respond to of 9427

Tom, Great post - this is exactly how I trade based on the number of standard deviations, and I adjust the number of standard deviations based on the time frame. For example, I may look to buy a stock in a strong uptrend that has pulled back 1 standard deviation of its 50-day moving average over a 5-day timeframe. I always factor into my systems the "fat tails" problem as well, market events such as an earnings warning that will send a stock down 30% overnight. You can have a trading system that is profitable 9 out of 10 times, but that 1 time is enough to make it a flat proposition at best. WS